Let X be a Banach space, u ∈ X * * and K, Z two subsets of X * *. Denote by d(u, Z) and d(K, Z) the distances to Z from the point u and from the subset K respectively. The Krein-Šmulian Theorem asserts that the closed convex hull of a weakly compact subset of a Banach space is weakly compact; in other words, every w *-compact subset K ⊂ X * * such that d(K, X) = 0 satisfies d(co w * (K), X) = 0. We extend this result in the following way: if Z ⊂ X is a closed subspace of X and K ⊂ X * * is a w * −compact subset of X * * , then d(co w * (K), Z) ≤ 5d(K, Z). Moreover, if Z ∩ K is w *-dense in K, then d(co w * (K), Z) ≤ 2d(K, Z). However, the equality d(K, X) = d(co w * (K), X) holds in many cases, for instance, if 1 ⊆ X * , if X has w *-angelic dual unit ball (for example, if X is WCG or WLD), if X = 1 (I), if K is fragmented by the norm of X * * , etc. We also construct under CH a w *-compact subset K ⊂ B(X * *) such that K ∩ X is w *-dense in K, d(K, X) = 1 2 and d(co w * (K), X) = 1.